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UK — Rethink Group 2009 revenues up by +15%

13 May 2010
ReThink Group plc (RTG:LSE), the recruitment and technology services firm, today publishes final results for the year ended 31 December 2009.

Revenues were up by +15% from 43.4 million Pounds in 2008 to 49.7 million Pounds in 2009.

Gross profits fell from 12.1 million Pounds in 2008 to 10.9 million Pounds in 2009 due to the severe impact of the downturn on permanent recruitment.
 
Profit before tax rose from 0.19 million Pounds in 2008 to 0.30 million Pounds in 2009.

Commenting on the outlook, Jon Butterfield, Chief Executive Officer, said "We have seen an improved demand for permanent recruitment services which, if sustained for the remainder of 2010, will have a positive effect on our business."

"Whilst there are signs of a return to more confidence in the market, conditions have some way to go to return to normality. We therefore look forward to 2010 with a positive mindset, but with a considered approach and our eyes wide open to the risks in the market."

As of last trade ReThink Group's shares traded at 5.75 Pence, 4.55% above its 52-week low of 5.50 Pence set on 27 January 2010.

 

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